Here’s How Much Money Is Expected To Be Bet On March Madness
More than $10 billion is expected to be wagered on March Madness over the next few weeks.
ESPN reported the following:
Americans will bet more than $10 billion on the NCAA tournament, including office pools and traditional wagers with bookmakers, according to estimates released Monday by the American Gaming Association. Only 3 percent of the action is expected to take place in a legal environment.
I love the fact that only three percent of the bets are expected to be legal. It just goes to show how dumb the government is for not legalizing gambling. Imagine a one percent tax on gambling amounts this high. The people running the show must hate making money.
March Madness is my favorite gambling time of the year. It’s a time for an emotional roller coaster that few people will ever truly understand. True story, last year I made more money off of gambling in the months of March and April than I did actually working a job. Of course, I went on to lose it all during the NHL finals, but that’s a story for a different time.
The main key for success is that you have to bet big if you want to win big. That’s the same for everything in life. Best of luck to all the gamblers out there. Shoot your shot with your picks, and get it done right. Nobody ever thinks about the money they lost years later, but we never forget all our big wins.